Funds
The SS&C GlobeOp Forward Redemption Indicator for December 2019 measured 4.95 per cent, up from 4.81 per cent in November.
“SS&C GlobeOp’s Forward Redemption Indicator of 4.95 per cent for December 2019, was up slightly from the 4.86 per cent reported for the same period a year ago, but closely in line with historical averages,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. “Overall, redemption notices for the full year 2019 were similarly in line with recent years’ averages, continuing a trend in stable asset retention for hedge funds.”
The SS&C GlobeOp Forward Redemption Indicator represents the sum of forward
Net sales of UCITS and AIFs totalled EUR 43 billion in October, up from EUR 25 billion in September, according to the latest monthly Investment Fund Industry Fact Sheet from the European Fund and Asset Management Association (EFAMA).
UCIT funds registered net inflows of EUR 42 billion, compared to EUR 13 billion in September.
Long-term UCITS (UCITS excluding money market funds) recorded net inflows of EUR 37 billion, up from EUR 32 billion in September.
Equity funds registered net inflows of EUR 7 billion, compared to EUR 4 billion in September, while net sales of bond funds increased to EUR 19 billion, up
New hedge fund launches declined in Q3, reversing the trends of the first half of the year, with the number of launches falling to the lowest level since Q4 2008, despite a steady flow of European-located new launches.
MacKay Municipal Managers (MacKay), the municipal bond team of MacKay Shields, is to employ Artivest’s open-architecture digital platform to bring its alternative solutions to financial advisors and qualified high-net-worth investors.
“Our relative-value, research-driven approach to investing in municipal bonds is designed to bring investors healthy after-tax income over the long term,” says Robert DiMella, CFA and John Loffredo, CFA, Co-Heads of MacKay. “At a time when the present market is dominated by low yields and negative rates, we are glad to work with Artivest to bring advisors and qualified investors a number of sophisticated fixed-income solutions which strive to potentially
Värde Partners, a global alternative investment firm, has raised its 13th flagship vehicle, Värde Fund XIII, with USD2.47 billion in commitments.
The Fund exceeded its USD2 billion target and will have the flexibility to invest in a range of credit and credit-related assets globally across liquid traded credit, special situations, real estate and financial services.
“Over the past 26 years we have built a global platform with the agility to seek attractive risk-adjusted value in opportunistic credit and asset markets,” says George Hicks, Co-Founder and Chief Executive Officer. “In this fund, we utilise our deep experience through many market
JST Capital (JST), a global financial services firm specialising in digital assets, saw gross revenue increase 600 per cent at year-end 2019 compared with year-end 2018.
The Company also disclosed that it has also entered over USD200 million in collateralised loans in 2019. This surge in growth has been across all of its business lines and aided by the recent regulatory clarity in Asian markets.
Todd Morakis, Co-Founder of JST Capital, says: “Since we launched our full suite of services over a year ago, the digital asset market in Asia has evolved rapidly. The recent changes in the regulatory landscape
The Standards Board for Alternative Investments (SBAI) has published a memo on co-investments which was developed by the Standards Board’s Governance Working Group.
The Standards Board is the global standard-setting body for the alternative investment industry, providing a collaborative platform for institutional investors and alternative investment managers to standardise and improve industry practices and streamline investor due diligence. It is supported by over 200 alternative investment managers and institutional investors who collectively manage USD4.5 trillion.
Co-investments have become increasingly popular in alternative funds, not just in Private Equity and Real Estate, but also in other liquid and illiquid alternative investment
The Eurekahedge Hedge Fund Index was up 0.90 per cent in November, supported by the market’s optimism towards the progress of the US-China trade talks, according to the December 2019 Eurekahedge Report.
The underlying equity market as represented by the MSCI ACWI (Local) gained 2.76 per cent over the same period. US equity markets recorded new all-time highs during the month, as a result of the strong corporate earnings combined with the positive geopolitical development. European equities also pushed higher as Germany narrowly avoided recession, defying market expectations. The CAC40 and DAX gained 3.06 per cent and 2.87 per cent
Flat World Partners (Flat World), an institutional advisory and asset management firm 100% focused on sustainable investments, has partnered with hedge fund solutions business Titan Advisors, aimed at filling an ESG gap in the hedge fund market.
The duo plans to build solutions that accelerate the flow of capital toward high-quality managers who effectively and transparently integrate ESG principles into their investment research process and exhibit strong values as a firm.
“We’re thrilled to team with Titan Advisors and collaborate on solutions designed to move the hedge fund industry forward”
“We’re thrilled to team with Titan Advisors and collaborate on
The Nomura Global Dynamic Bond Fund, managed by Richard “Dickie” Hodges has reached the USD1 billion mark, having delivered 16.8 per cent YTD.
Launched in 2015, the investment objective of the Fund is to provide a combination of income and growth through investing across the fixed income markets.
Hodges, Head of Total Return Fixed Income, says: “This is a very important milestone for our fixed income team and I am appreciative for the huge levels of investor support during these uncertain times. We are proud of how we have managed to navigate market conditions dominated by low interest rates,
